PSE&G

The Public Service Electric and Gas Company (PSE&G) is a regulated gas and electric utility company serving the state of New Jersey. PSE&G was established in 1928 as a subsidiary of the Public Service Corporation, and it was an independent company from 1948 to 1985. PSE&G combined gas, electric, and transportation companies, and it sold its transportation operations to NJ Transit in 1980, leaving it in the utility business. In 1985, PSE&G was purchased by the Public Service Enterprise Group, and it became known as New Jersey's oldest and largest investor owned utility company.